Lemantou: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Lemantou
Largest movements
- Current investments +€92,901
up €92,901 (+37.3%), from €248,786 to €341,688
- Receivables within one year +€38,514
up €38,514 (+29.1%), from €132,429 to €170,944
of which Other amounts receivable: +€68,135
- Financial fixed assets +€30,000
up €30,000 (+25.0%), from €120,000 to €150,000
- Cash +€25,501
up €25,501 (+155.0%), from €16,456 to €41,957
mainly Net result for the year (+€162,642) and Tax, wage and social debts (+€18,665)
- Deferred charges and accrued income -€16,057
down €16,057 (-64.7%), from €24,807 to €8,750
- Reserves +€117,132
up €117,132 (+23.5%), from €498,180 to €615,312
of which Distributable reserves: +€121,342
- Profit (loss) carried forward +€45,510
up €45,510, from -€45,510 to €0
- Tax, wage and social debts +€18,665
up €18,665 (+97.9%), from €19,069 to €37,734
- Other debts -€12,363
down €12,363 (-18.8%), from €65,814 to €53,452
- Gross operating margin +€82,692
up €82,692 (+69.9%), from €118,329 to €201,021
- Financial income +€29,851
up €29,851 (+176.9%), from €16,878 to €46,729
- Taxes -€18,610
down €18,610 (-22.2%), from €83,938 to €65,329
- Other operating charges +€8,408
up €8,408 (+295.6%), from €2,845 to €11,253
- Financial charges +€3,482
up €3,482 (+138.0%), from €2,523 to €6,005
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €553,691 | €722,028 | +€168,338 | +30.4% |
| Fixed assets | 21/28 | €131,212 | €158,691 | +€27,479 | +20.9% |
| Tangible fixed assets | 22/27 | €11,212 | €8,691 | -€2,522 | -22.5% |
| Furniture and vehicles | 24 | €11,212 | €8,691 | -€2,522 | -22.5% |
| Financial fixed assets | 28 | €120,000 | €150,000 | +€30,000 | +25.0% |
| Current assets | 29/58 | €422,479 | €563,338 | +€140,859 | +33.3% |
| Amounts receivable within one year | 40/41 | €132,429 | €170,944 | +€38,514 | +29.1% |
| Trade receivables | 40 | €60,826 | €31,206 | -€29,620 | -48.7% |
| Other amounts receivable | 41 | €71,603 | €139,738 | +€68,135 | +95.2% |
| Current investments | 50/53 | €248,786 | €341,688 | +€92,901 | +37.3% |
| Cash at bank and in hand | 54/58 | €16,456 | €41,957 | +€25,501 | +155.0% |
| Deferred charges and accrued income | 490/1 | €24,807 | €8,750 | -€16,057 | -64.7% |
| Total equity and liabilities | 10/49 | €553,691 | €722,028 | +€168,338 | +30.4% |
| Equity | 10/15 | €457,670 | €620,312 | +€162,642 | +35.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €498,180 | €615,312 | +€117,132 | +23.5% |
| Tax-exempt reserves | 132 | €155,770 | €151,560 | -€4,210 | -2.7% |
| Distributable reserves | 133 | €342,410 | €463,752 | +€121,342 | +35.4% |
| Profit (loss) carried forward | 14 | -€45,510 | €0 | +€45,510 | |
| Amounts payable | 17/49 | €96,021 | €101,717 | +€5,696 | +5.9% |
| Amounts payable within one year | 42/48 | €93,009 | €97,551 | +€4,543 | +4.9% |
| Financial debts | 43 | €2,196 | €30 | -€2,166 | -98.6% |
| Credit institutions | 430/8 | €2,196 | €30 | -€2,166 | -98.6% |
| Trade debts | 44 | €5,929 | €6,335 | +€406 | +6.9% |
| Suppliers | 440/4 | €5,929 | €6,335 | +€406 | +6.9% |
| Taxes, remuneration and social security | 45 | €19,069 | €37,734 | +€18,665 | +97.9% |
| Taxes | 450/3 | €19,069 | €37,734 | +€18,665 | +97.9% |
| Other amounts payable | 47/48 | €65,814 | €53,452 | -€12,363 | -18.8% |
| Accrued charges and deferred income | 492/3 | €3,012 | €4,166 | +€1,153 | +38.3% |
| Non-recurring operating income | 76A | - | €27,900 | +€27,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,001 | €2,522 | -€480 | -16.0% |
| Other operating charges | 640/8 | €2,845 | €11,253 | +€8,408 | +295.6% |
| Gross operating margin | 9900 | €118,329 | €201,021 | +€82,692 | +69.9% |
| Operating profit (loss) | 9901 | €112,483 | €187,246 | +€74,763 | +66.5% |
| Financial income | 75/76B | €16,878 | €46,729 | +€29,851 | +176.9% |
| Recurring financial income | 75 | €16,878 | €46,729 | +€29,851 | +176.9% |
| Financial charges | 65/66B | €2,523 | €6,005 | +€3,482 | +138.0% |
| Recurring financial charges | 65 | €2,523 | €6,005 | +€3,482 | +138.0% |
| Profit (loss) for the period before taxes | 9903 | €126,839 | €227,971 | +€101,132 | +79.7% |
| Income taxes | 67/77 | €83,938 | €65,329 | -€18,610 | -22.2% |
| Profit (loss) for the period | 9904 | €42,900 | €162,642 | +€119,742 | +279.1% |
| Transfer from tax-exempt reserves | 789 | - | €25,260 | +€25,260 | |
| Transfer to tax-exempt reserves | 689 | €88,410 | €21,050 | -€67,360 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,510 | €166,852 | +€212,362 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.